RGC Resources CEO Paul Nester's 2020 pay jumps 34% to $993K
RGC Resources reports 2020 executive compensation
By ExecPay News
Published: December 3, 2020
RGC Resources reported fiscal year 2020 executive compensation information on December 3, 2020.
In 2020, four executives at RGC Resources received on average a compensation package of $742K, a 22% decrease compared to previous year.
Average pay of disclosed executives at RGC Resources
Paul W. Nester, Chief Executive Officer, received $993K in total, which increased by 34% compared to 2019. 38% of Nester's compensation, or $375K, was in salary. Nester also received $40K in bonus, $116K of change in pension value and nonqualified deferred compensation earnings, $156K in non-equity incentive plan, $180K in stock awards, as well as $126K in other compensation.
Carl J. Shockley, Jr, Chief Operating Officer, received a compensation package of $760K, which decreased by 9% compared to previous year. 43% of the compensation package, or $329K, was of change in pension value and nonqualified deferred compensation earnings.
Robert L. Wells, II, Chief Investment Officer, earned $739K in 2020, a 4% decrease compared to previous year.
John S. D'Orazio, Chief Executive Officer, received $474K in 2020, which decreases by 68% compared to 2019.
RGC Resources' fiscal year ends on September 30.
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Source: SEC filing on December 3, 2020.